10-KPeriod: FY2010

MARRIOTT INTERNATIONAL INC /MD/ Annual Report, Year Ended Dec 31, 2010

Filed February 18, 2011For Securities:MAR

Summary

This 10-K filing for Marriott International, Inc. as of December 30, 2010, primarily focuses on corporate governance and executive officer information, with extensive incorporation by reference to the company's proxy statement. Key disclosures include the effectiveness of the company's disclosure controls and procedures, confirmed by the CEO and CFO. The filing also lists the company's executive officers, detailing their extensive experience and tenure, including Chairman and CEO J.W. Marriott, Jr., who has led the company since 1972, and CFO Carl T. Berquist. The document highlights the company's adherence to ethical standards through its Code of Ethics. For investors, this filing provides assurance regarding the robustness of internal controls over financial reporting. The detailed profiles of executive officers underscore the depth of experience within Marriott's leadership team, which can be a positive indicator of stability and operational expertise. While financial statements and detailed operational performance are referenced elsewhere (proxy statements, exhibits), the core of this specific filing reinforces the company's commitment to transparency and experienced management.

Key Highlights

  • 1Disclosure controls and procedures were evaluated and found to be effective by management, including the CEO and CFO, providing reasonable assurance regarding timely and accurate financial reporting.
  • 2The filing details the company's executive officers, showcasing a highly experienced leadership team with significant tenure, including Chairman and CEO J.W. Marriott, Jr. (since 1972) and CFO Carl T. Berquist.
  • 3Marriott International, Inc. has a long-standing Ethical Conduct Policy applicable to all associates, including top executives and the Board of Directors, with provisions for disclosing waivers.
  • 4Extensive information on corporate governance, executive compensation, security ownership, related party transactions, director independence, and accounting fees is incorporated by reference from the company's 2011 Proxy Statement.
  • 5The filing includes a comprehensive list of exhibits, including material contracts, incentive plans, and debt agreements, as well as XBRL-formatted financial statements.
  • 6William J. Shaw, Vice Chairman, announced his retirement effective March 31, 2011, after a long career with the company.

Frequently Asked Questions

This specific Form 10-K filing primarily focuses on corporate governance and executive information. Detailed financial statements and performance metrics are incorporated by reference into exhibits or other SEC filings, such as the proxy statement. However, the confirmation of effective disclosure controls by management suggests a commitment to accurate financial reporting.

The filing lists several key executive officers, including J.W. Marriott, Jr. (Chairman and CEO, with leadership experience since 1972), Carl T. Berquist (Executive Vice President and CFO), Arne M. Sorenson (President and COO), and William J. Shaw (Vice Chairman, retiring March 31, 2011). Their extensive backgrounds and long tenures indicate a stable and experienced management team.

No, Item 9 ('Changes in and Disagreements With Accountants on Accounting and Financial Disclosure') explicitly states 'None.' This indicates no reported disagreements or changes related to accounting practices during the period.

Detailed financial information, including Consolidated Statements of Income, Balance Sheets, and Cash Flows, is available in the XBRL-formatted exhibits attached to this report (Exhibit 101). Additionally, much of the detailed operational and governance information is incorporated by reference from Marriott's 2011 Proxy Statement.